The Authority is consulting on Ontario Tire Stewardship’s (OTS) plan to return remaining Used Tires Program surplus funds to stewards. The plan was developed by Grant Thornton Limited, the court appointed OTS liquidator, as a Surplus Funds Addendum to the Used Tires Program Wind-Up Plan. The proposed addendum includes:
- which tire classes are eligible to share in the surplus
- a proposed methodology to allocate funds to stewards
- a proposal to address the Minister of the Environment, Conservation and Parks’ direction that the surplus funds returned to stewards be used to benefit consumers
You can review the proposed addendum and provide your feedback between January 29 and February 26, 2021.
It is the Minister’s expectation that the amendment be approved by the Authority within six weeks of receiving it. To approve the addendum, the Authority’s Board will assess whether it has sufficiently addressed the requirements in the Waste Diversion Transition Act, 2016, the Minister’s direction and the Authority’s Wind-up Guide.
The Authority is hosting a webinar on Thursday, February 11, 10:00 to 11:30 a.m. to present the proposed addendum, answer questions and solicit feedback from stakeholders. Sign up for the webinar.
Stakeholders can also submit their feedback via email to email@example.com. All feedback must be received by the Authority on or before Friday, February 26, 2021.
The Authority will consider all comments received during the consultation while reviewing the addendum. Stakeholder feedback will be summarized in a report that will be posted to the Authority’s website following the consultation period.